India, Aug. 13 -- Shares of omnichannel eyewear major Lenskart jumped nearly 7% to an all-time high of Rs.627.35 on the BSE today after several brokerages raised their target prices following the company's Q1 FY27 results.

However, the stock pared most of its gains later and was trading 2.1% higher at Rs.598.95 at 10:43 IST. Lenskart's market capitalisation stood at around Rs.1.04 Lakh Cr (about $10.9 Bn) at the time.

The rally came after brokerages highlighted Lenskart's revenue growth, margin expansion, premiumisation, and improving international business. However, Citi and HSBC remained cautious about the stock's valuation.

What Brokerages Said

Jefferies raised its target price for Lenskart to Rs.680 from Rs.600 and retained its 'B...